RIK SIMONS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RIK SIMONS
Largest movements
- Receivables within one year +€27,036
up €27,036 (+91.4%), from €29,576 to €56,612
of which Trade receivables: +€36,078
- Tangible fixed assets -€5,610
down €5,610 (-3.0%), from €185,781 to €180,171
of which Land and buildings: -€5,610
- Profit (loss) carried forward +€26,582
up €26,582 (+48.9%), from -€54,365 to -€27,783
- Debts after one year -€13,392
down €13,392 (-12.5%), from €107,538 to €94,146
- Other debts +€6,736
up €6,736 (+2,545%), from €265 to €7,001
- Tax, wage and social debts +€6,322
up €6,322 (+1,648%), from €384 to €6,705
- Gross operating margin +€67,633
up €67,633, from -€31,741 to €35,892
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,312 | €290,125 | +€24,813 | +9.4% |
| Fixed assets | 21/28 | €185,781 | €180,171 | -€5,610 | -3.0% |
| Tangible fixed assets | 22/27 | €185,781 | €180,171 | -€5,610 | -3.0% |
| Land and buildings | 22 | €185,781 | €180,171 | -€5,610 | -3.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €79,531 | €109,954 | +€30,423 | +38.3% |
| Stocks and contracts in progress | 3 | €14,453 | €16,671 | +€2,217 | +15.3% |
| Stocks | 30/36 | €14,453 | €16,671 | +€2,217 | +15.3% |
| Amounts receivable within one year | 40/41 | €29,576 | €56,612 | +€27,036 | +91.4% |
| Trade receivables | 40 | €20,534 | €56,612 | +€36,078 | +176% |
| Other amounts receivable | 41 | €9,042 | €0 | -€9,042 | -100% |
| Cash at bank and in hand | 54/58 | €33,901 | €36,557 | +€2,656 | +7.8% |
| Deferred charges and accrued income | 490/1 | €1,601 | €115 | -€1,486 | -92.8% |
| Total equity and liabilities | 10/49 | €265,312 | €290,125 | +€24,813 | +9.4% |
| Equity | 10/15 | €141,297 | €167,879 | +€26,582 | +18.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €183,662 | €183,662 | = | 0.0% |
| Distributable reserves | 133 | €183,662 | €183,662 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,365 | -€27,783 | +€26,582 | +48.9% |
| Amounts payable | 17/49 | €124,015 | €122,246 | -€1,769 | -1.4% |
| Amounts payable after more than one year | 17 | €107,538 | €94,146 | -€13,392 | -12.5% |
| Financial debts | 170/4 | €107,538 | €94,146 | -€13,392 | -12.5% |
| Amounts payable within one year | 42/48 | €16,477 | €28,100 | +€11,623 | +70.5% |
| Current portion of amounts payable after more than one year | 42 | €13,164 | €13,392 | +€228 | +1.7% |
| Trade debts | 44 | €2,664 | €1,002 | -€1,662 | -62.4% |
| Suppliers | 440/4 | €2,664 | €1,002 | -€1,662 | -62.4% |
| Taxes, remuneration and social security | 45 | €384 | €6,705 | +€6,322 | +1,648% |
| Taxes | 450/3 | €384 | €6,705 | +€6,322 | +1,648% |
| Other amounts payable | 47/48 | €265 | €7,001 | +€6,736 | +2,545% |
| Non-recurring operating income | 76A | €16,990 | €0 | -€16,990 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,606 | €5,610 | +€5 | +0.1% |
| Other operating charges | 640/8 | €1,557 | €1,442 | -€115 | -7.4% |
| Gross operating margin | 9900 | -€31,741 | €35,892 | +€67,633 | |
| Operating profit (loss) | 9901 | -€38,903 | €28,840 | +€67,743 | |
| Financial income | 75/76B | €3 | €3 | +€0 | +15.4% |
| Recurring financial income | 75 | €3 | €3 | +€0 | +15.4% |
| Financial charges | 65/66B | €2,581 | €2,262 | -€319 | -12.4% |
| Recurring financial charges | 65 | €2,581 | €2,262 | -€319 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€41,481 | €26,582 | +€68,063 | |
| Income taxes | 67/77 | €105 | €0 | -€105 | -100% |
| Profit (loss) for the period | 9904 | -€41,586 | €26,582 | +€68,167 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,586 | €26,582 | +€68,167 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.